Re: The new economy

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Michael Perelman asked:


> The question is, how would this economy respond to collapse in stock
> market prices?

A glance at the historical stats on Nasdaq reveals that market valuation
quadrupled from a total of $1.5 trillion in 1996 to around $6 trillion in
February 2000. Using those figures as a rough guide, almost $2 trillion in
"value" has vanished in the last week and a half. A two cent drop in the
value of the U.S. dollar in one session might give some hint as to how the
economy will respond to a collapse in stock market prices. We are in for
interesting times.


Tom Walker